Research On The Value Creation Of Weil Group's Continuous Mergers And Acquisitions From The Perspective Of Resource Orchestratio

With the widespread use of electronic communication technology,semiconductor products in big data,artificial intelligence,and other emerging industries,the importance of more and more prominent,to promote the better development of the industry,the country has also continued to introduce relevant policies in recent years to increase support for the industry.However,there are high technical barriers in the semiconductor industry,which is difficult for China’s enterprises at a later stage of disadvantage to achieve technological catch-up in a short period,especially in international relations are more tense,technology-developed countries to implement technical sanctions on China’s high-tech enterprises,China’s semiconductor industry,the "lack of core" problem is becoming more and more serious.In this case,to break through the "neck technology" barrier,China’s semiconductor enterprises have opened the road of mergers and acquisitions,including a large number of continuous mergers and acquisitions of enterprises,to further promote industrial integration through mergers and acquisitions,and gradually reduce the dependence on the industry’s core chip imports,and to achieve domestic substitution with the help of technological upgrading.While the trend of M&A in the semiconductor industry is sweeping,there are relatively few studies on M&A in semiconductor companies,and whether semiconductor companies can achieve technological breakthroughs and realize their value creation through M&A is also open to investigation,especially those that have made large-scale successive M&A in a short period.Therefore,based on the current situation of the industry,this paper selects Weir Corporation,which has achieved a market value jump through successive M&As,as the research object,and analyzes how Weir Corporation has used the resources obtained through successive M&As to break through the technological barriers and achieve its value creation from the theoretical perspective of resource orchestration,and evaluates the effect of its value creation at different levels,to reveal the path of Weir Corporation to enhance its corporate value through successive M&As.The results are evaluated at different levels,thus revealing the path to enhance corporate value through successive M&As.By dividing its M&A activities into two phases according to its strategic objectives and analyzing them from the perspective of resource orchestration,we find that its value creation process has evolved,which can be expressed as a dynamic evolution of its resource orchestration’s actions,i.e.,according to the gradual progress of its strategic objectives,Will Semiconductor’s resource In other words,according to its strategic objectives,Will Semiconductor’s resource structuring has changed from a two-way resource structuring based on acquisition and accumulation to an acquisition and divestment model with high synergy as the core,and its resource integration has changed from an enrichment approach of acquiring core technologies from multiple parties to a pioneering approach based on innovation,while the resource utilization approach has been upgraded from leveraging resources from the industrial chain to create value to using platform synergy to create value,which promoted the corresponding capabilities in production,sales,R&D,promotion,and management of Will Semiconductor,and create new competitive advantages for the company,thus promoting value enhancement,while in terms of value creation effect,successive M&A achieved significant value enhancement in market,operation,and overall performance of Will Semiconductor.With these findings,it is hoped that they will enrich the literature on sequential M&A in the semiconductor industry while providing some suggestions and insights for other firms’ M&A practices.